Market Research
Worldwide Ready Meals Industry is Expected to Reach $219.4 Billion by 2030
Photo by Cristiano Pinto on Unsplash
The global ready meals market size is expected to reach $219.43 billion by 2030, according to a new report by Research and Markets "Ready Meals Market Share, Size, Trends, Industry Analysis Report, By Product, By Meal Type, By Distribution Channel, By Region, Segment Forecast, 2022 - 2030."
According to the report, the industry is primarily driven by the product's extended storage lifetime as a result of adequate packing and widespread accessibility. Furthermore, because of increasing hectic work schedules and shifting lifestyles, customers are gravitating toward packaged foods that can be consumed quickly and effortlessly, which has increased the demand for packed ready-to-eat food items and is expected to increase throughout the forecast period.
Convenience meals are gaining prominence, and they are made up of fully or half-cooked dishes that require minimal time to make, no cooking expertise and negligible exertion. Moreover, the digitization surge and vigorous ads regarding cooked foods on different communication platforms help raise consumer knowledge, which in turn is expected to propel the ready meals industry throughout the forecast period.
The non-vegetarian segment is expected to hold a significant share in the industry over the forecast period due to increasing demand for fresh hygiene non-vegetarian food items. However, the vegan segment is anticipated to grow at a considerable pace due to rising trends in healthy food coupled with increasing concerns regarding animal welfare.
The North American region is expected to dominate the industry throughout the forecast period due to the increasing adoption of convenience food coupled with the growing demand for high-quality packed food due to busy lifestyles. Furthermore, increasing trends in veganism and gluten-free products are expected to contribute to the regional development.
Visit https://www.researchandmarkets.com/reports/5626423/ready-meals-market-share-size-trends-industry to download the full report.
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